Amazing investment opportunity! This sale includes parcels 49 & 49A. Approximately 1.75 acres in Downtown Oviedo with a pond! Old growth hardwoods and palms in one of the highest spots in the city. A huge, mostly cleared residential lot with a 3 bedroom/1 bath concrete block house nestled right in the heart of downtown. The property is adjacent to the old rail line and Cross Seminole Bike Trail and the High School. Includes half of the historic Mule Pond property. The Sanford and Indian River Railroad was started in 1886 and the pond used to off-load and water the mules and work horses of the growers and builders. The existing house has a great rental history and could be used as cash flow while planning your amazing estate, or remodel the house into a large garage with the main house farther back on the 425' deep by 215' rear property line. Frontage is 107.5'. The 1184 sq ft house was built in 1950 and has central AC, whole house fan, good roof, good windows, updated electric, sound septic system, vinyl floors, and laundry hook-ups. All offers will be considered. This opportunity will not last! Act fast!!!